19 h. ago Gen Z’s ‘emotional consumption’ fuels surge in consumer stocks like Pop Mart

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from gold jewellery to low-priced drinks, delivering multifold returns on so-called new consumer stocks. The ascent of Pop Mart International Group, Mixue Group and Laopu Gold is one of the few bright spots in China’s sluggish consumer industry, which has been plagued by a weak jobs market and the deflationary trend. The robust performance has come at the cost of traditional...

Politics

4 d. ago CNBC's The China Connection newsletter: AI hits an already weak jobs market

CNBC's The China Connection newsletter: AI hits an already weak jobs market  CNBC

Events

8 d. ago Get elderly housing right and Hong Kong’s silver economy can take off

Hong Kong’s Deputy Chief Secretary Warner Cheuk Wing-hing has announced dozens of measures to promote the “silver economy” and address the needs of the city’s ageing population. These cover five main areas: boosting consumption, developing tailor-made products, promoting quality assurance of “silver” products, strengthening financial and insurance protection, and encouraging older residents to re-enter the job market. These are all good intentions, but it also begs the question: where is the...

Politics

1 week ago Sorry, but the ‘China shock’ was actually pretty good for America

The idea that China has stolen millions of American jobs in recent decades, causing a collapse in the manufacturing labour market, has long been a staple anti-Chinese narrative on both sides of US politics. Even economists and media pundits who grudgingly acknowledge that cheap Chinese goods have made life easier and more affordable for the average American would complain about these alleged mass job losses. And the blue-collar voters most severely affected by sectoral lay-offs and the decline...

Events

2 w. ago Discounts, new products, better insurance part of Hong Kong drive to aid elderly

Hong Kong authorities have rolled out wide-ranging measures to better address the needs of the city’s ageing population, including steps to spur consumption, develop tailor-made products and strengthen insurance protection to encourage older residents to re-enter the job market. Deputy Chief Secretary Warner Cheuk Wing-hing, who is leading a new task force dedicated to tapping the “silver economy”, noted the huge purchasing power of older residents as he unveiled the measures on Tuesday. “The...

Politics

last month Tariff cuts ease mass China layoffs threat, but job market pain persists

Tariff cuts ease mass China layoffs threat, but job market pain persists  Reuters

Economics